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Swing Capital

Morarjee Textiles Ltd

NSE: MORARJEE BSE: 532621Textile

Incorporated in 1995, Morarjee Textiles Ltd is in the business of manufacturing and export of shirting fabric and printed fabric[1]

₹10.4
52W: ₹5.38 — ₹10.4
PE 0 · Book ₹132 · -92% vs book
Market Cap₹37.8 Cr
Stock P/E—Price to Earnings
ROCE26.1%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹7

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -37.7% over past five years.
  • −Contingent liabilities of Rs.27.7 Cr.
  • −Company's cost of borrowing seems high

Shareholding Pattern

Promoters59.71%
FIIs0%
DIIs4.02%
Public32.11%
CategoryJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters59.71%59.71%59.71%59.71%59.71%59.71%59.71%59.71%
FIIs0%0%0%0%0%0%0%0%
DIIs4.29%4.29%4.29%4.02%▼0.34.02%4.02%4.02%4.02%
Public31.83%31.84%▲0.031.83%▼0.032.12%▲0.332.13%▲0.032.11%▼0.032.1%▼0.032.11%▲0.0

Financial Statements

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales778045525951110913
Expenses73786065706521-61526
Operating Profit42-15-13-11-13-106-6-12
OPM %6%2%-34%-24%-19%-26%-95%0%-63%-94%
Net Profit-20-24-40-39-39-68-37-28-31-106
EPS ₹-5.46-6.53-11.15-10.63-10.64-18.66-10.16-7.75-8.44-29.09

AI Insights

Revenue Trend

Mar 2024 revenue at ₹33Cr, down 84.1% YoY. OPM at -68%.

Debt Position

Borrowings at ₹506Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.

Institutional Flow

DIIs: 4.02% (-0.27pp change). FIIs: 0% (+0.00pp change). Promoters hold 59.71%.

Margin & Efficiency

ROCE declining from 16% (Mar 2013) to -26% (Mar 2024). Working capital days: -9586.

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